Q1:Compensation of employees 80

Net interest and rental income 30

Corporate profits10

Proprietor's income20

indirect taxes less subsidies 10

Depreciation 30

The value of GDP in 2012 is

A)$ 180 billion using expenditure approach

B )$180 billion using income approach

C) 140 billion using expenditure approach

D)170 billion using income approach

Q2 Wages paid to labor 8,000 Consumption expenditure 10,000

Other factor incomes 3,400 Investment 1,500

Government expenditure2.900

340- Net exports

The U.S. GDP in 2009 is

A) $14,060 billion . B)$14,560 billion c)$ 14,000 billion . D) 15,060 billion .

Q3:

Quantities 2012 2013

Apple 60 160

Orange 80 220

Price 2012 2013

Apple o.50 1.00

Orange 0.25 2.00

An economy produces only apples and oranges. The base year is 2012 and the table gives the quantities produced and the prices The nominal GDP in 2012 is and the nominal GDP in 2013 is A In 2012 nominal GDP is

A )In 2012 nominal GDP is $50 and in 2013 nominal GDP is $600

B) In 2012 nominal GDP is 10 and in 2013 nominal GDP is $600

C) In 2012 nominal GDP is $ 50 and in 2013 nominal GDP is $ 670

D) In 2012 nominal GDP is 600 and in 2013 nominal GDP is $ 600 Questions Filter (7)

Q4 :If the price level last year was 220 and this year is 250, what is the inflation rate between the two years?

a.30 percent

b. 13.6 percent

c. 12.2 percent

d. 20 percent

q5: Personal consumption expenditure1500

Gross private domestic investment 355

Government expenditure on goods and services 590

Exports of goods and services70

Imports of goods and services 50

Depreciation 200

Indirect business taxes75

Based on the data in the above table, GDP using Expenditure Approach equals

a.$2,190.

b.$2,840.

c.$2,465.

d.$2,750.

Q6:Net interest239

Government expenditure on goods and services136

Compensation of employees 1,735

Rental income37

Proprietors' income 128

Indirect taxes minus subsidies 259

Corporate profits 194

Exports of goods and services 249

Imports of goods and services 289

Depreciation333

Using the data in the above table, GDP as calculated by the income approach equals ________.

a.$2,333

b. $2,592

c. $2,925

d, $2,205

q7:Working-age population 207

Labor force 139

Employed 133

The labor force participation rate is:

67.1 percent

64.0 percent

95.7 percent.

56 percent.

Q8: Working-age population 207

Labor force139

Employed 133

The employment-to-population ratio is

67 percent.

64 percent.

50 percent.

62 percent.

Q9:Working-age population 207

Labor force139

Employed 133

the unemployment rate is

4.5 percent.

4.3 percent.

2.8 percent.

6.0 percent.

Q10: CPI basket quantity 2009 price 2015 price

Blu-rays 10 discs $16 per disc $12 per disc

Bottled water200 bottles $1.00 per bottle $1.25 per bottle

If 2009 is the reference base period, What is the value of the CPI for the reference base period, 2009?

140

133

100

75

Q11: If 2009 is the reference base period, what is the value of the CPI basket of goods for 2015 in the above table?

97.3

102.8

128.0

zero because the price of Blu-rays fell and the price of water increased